Why is 63 Moons Tech. falling/rising?

As of 26-Jun, 63 Moons Technologies Ltd is experiencing a decline in its stock price, currently at 994.00, which reflects a decrease of 6.35 or 0.63%. Today's price summary indicates that the stock has underperformed its sector by 0.57% and has seen a trend reversal after three consecutive days of gains. The stock touched an intraday low of Rs 977.6, and the weighted average price suggests that more volume was traded closer to this low. Despite this decline, the stock has shown strong performance over various periods, including a 165.67% increase over the past year and a remarkable 477.74% rise over the last three years. However, the company is facing significant challenges, including operating losses and a weak ability to service its debt, which has contributed to negative sentiment around the stock.
In the broader market context, while the stock has outperformed the benchmark Sensex with a 14.12% gain over the past week compared to the benchmark's 2.94%, the recent price drop indicates a potential shift in investor confidence. The company's negative financial results over the last four quarters, including a significant decline in net sales and a negative EBITDA, have raised concerns about its long-term viability. Additionally, the absence of domestic mutual fund investment may reflect a lack of confidence in the company's future prospects, further impacting its stock performance.